Peru’s president defies opposition ultimatum to resign

'Peru's President Pedro Pablo Kuczynski late Thursday rejected demands he resign, brushing aside an opposition ultimatum to step down or face impeachment over allegations he received bribes from Brazilian contractor Odebrecht.

"I am not going to abdicate my honor, my values or my responsibilities as president," Kuczynski said in a televised speech to the nation, backed by his ministers.

"I won't run, I won't hide nor do I have any reason to do so," he said, promising to cooperate with investigations by Congress and the country's attorney general's office.

The right-wing Popular Force party, which controls the Congress, had warned it would begin impeachment proceedings against him if he did not resign by Thursday.

Odebrecht, a Brazilian engineering and construction giant at the center of multiple corruption cases throughout Latin America, revealed on Wednesday it had paid Kuczynski five million dollars in consulting fees between 2004 and 2013.'